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re: OFFICIAL NFT Thread - FAQ and Drop Information

Posted on 10/20/21 at 1:53 am to
Posted by LordSaintly
Member since Dec 2005
40600 posts
Posted on 10/20/21 at 1:53 am to
quote:

Any specific suggestions?


Prerequisite videos from Whiteboard Crypto:
Coin vs. Token
What is an NFT?
What is a DAO?

FOMO:
Dealing with investment FOMO

Cautionary tales:
Guy talks about getting "rug pulled" on the Baller Ape Club project. Also talks about avoiding rug pulls in general.
Another guy talks about how he got scammed

Trading/Flipping NFTs:
Alex Becker's video on flipping NFTs
Hustle Millenial's NFT flipping video
Finding undervalued projects

You probably also want to watch videos on how Ethereum and Solana work since those are the biggest blockchains for NFTs.

One thing not mentioned in the flipping videos about buying the floor: that strategy assumes you have a constant trend line in the prices. If the prices are in a sharp down trend (due to a negative announcement for example), you may lose money if you try to buy and flip the floor. Also if you have a smaller budget, I'd start with Solana since Ethereum network fees are insane.

Also keep in mind that the NFT market is down right now so profits are a little harder to come by.

Also, make sure to do your own research too. Profitability isn't guaranteed and it's easy to lose money in this space.
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 10/20/21 at 6:04 am to
Reading this thread makes my head hurt
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 10/20/21 at 7:13 am to
The runes blew up last night after the Coinbase tweet, Nansen AI posted that it got aped into right after that, the quick guys 3x4x their buy in within minutes
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 10/20/21 at 7:18 am to
quote:

Reading this thread makes my head hurt


I check in and read every few days just to remind myself how much I don’t understand about the crypto space

And also how retarded it can be
This post was edited on 10/20/21 at 7:19 am
Posted by adamau
Member since Oct 2020
4146 posts
Posted on 10/20/21 at 8:08 am to
I'm balls deep in it and it makes my head hurt. after the last few weeks I'm legit a bit burnt out and need this little flat spell so I don't have spend every waking minute on Twitter, discord or one of 5 market places
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 10/20/21 at 10:06 am to
quote:

The runes blew up last night after the Coinbase tweet


i aped straight in when i saw the tweet. going to hold it for a little bit
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 10/20/21 at 10:30 am to
What’s your Twitter or discord?
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 10/20/21 at 5:45 pm to
Anybody looking at Tower DAO Fair Launch Sunday at noon? 1-2 SOL. I'm in.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 10/20/21 at 5:53 pm to
I’ll give it a shot
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81695 posts
Posted on 10/20/21 at 5:54 pm to
I haven't been participating in any of the mints lately. Market has cooled off tremendously. Need some hype to build back
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 10/20/21 at 6:04 pm to
quote:

I haven't been participating in any of the mints lately. Market has cooled off tremendously. Need some hype to build back


No doubt. I've been nibbling here and there but down overall right now. I dumped a decent amount of money in quick and at the wrong time of course. Holding quite a few likely worthless JPEGS. I love the space however, so I'm here to stay. Just gotta keep plugging away and show some restraint here and there. Really all I have coming up are Luna Crunks on Sat at noon (on WL) and Tower Sun. Feels good to take a breather. Good to see SOL bounceback today, hopefully for the sake of NFT's BTC takes a break soon.

For the life of me I can't understand why NFT's pump when the currency used pumps (SOL). Like shouldn't they pump when SOL is down? ... I realize it mostly has to do with rotation in/out of BTC/ETH and FOMO, but still kinda weird.
Posted by LordSaintly
Member since Dec 2005
40600 posts
Posted on 10/20/21 at 7:45 pm to
quote:

nybody looking at Tower DAO Fair Launch Sunday at noon? 1-2 SOL. I'm in.



I'm going to try TowerDAO but there's nothing else on the radar right now for me. Gonna wait for the market to pick up again.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 10/20/21 at 8:37 pm to
SOL is pumping, not quite sure what it means for the NFT's but dayum
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 10/20/21 at 11:51 pm to
Meerkats airdropping a new collection "naked Meerkats" 1:1 to all holders this weekend. New Kats will be listed on Alpha/FTX, etc.
This post was edited on 10/21/21 at 3:29 am
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 10/20/21 at 11:57 pm to
yeah goblinlabs and towerdao is it for october sol. tower i guess ill buy a few tickets.

not looking at floors for 2-3 days. NYC NFT conference is close. CB has a "waiting list" and wallet on opensea.

Facebook and CB may collab on a wallet.
(No nft news there)

Jpeg'd an nft lending company/defi are supposed to launch an nft set soon. its interesting.
jpegd article medium
This post was edited on 10/21/21 at 12:00 am
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 10/21/21 at 7:48 am to
Lots of nft discords have been hacked recently, solsteads is currently hacked. Don’t click links
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 10/21/21 at 11:34 am to
Yes indeed. Did you see where GP holders will get whitelisted for a new project minting on Terra? @STYLLARNFT ... haven't looked into it yet, but 20K Twitter followers.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 10/21/21 at 12:09 pm to
they have a lot of follows hope they're real as i am on the 2nd WL and plan to mint.

it's interesting that cb-nft and jpeg'd both mentioned apes. I assume they mean bayc/mayc. I still have mixed feelings if blue chips are real or not.
This post was edited on 10/21/21 at 2:01 pm
Posted by Old Money
LSU
Member since Sep 2012
39610 posts
Posted on 10/21/21 at 4:50 pm to
quote:

I haven't been participating in any of the mints lately. Market has cooled off tremendously. Need some hype to build back


I took a break after some bad "investments"--seems to have cooled off some
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 10/21/21 at 5:47 pm to
here is one minting now on OS, backed by mark cuban. it's cool but it's a risky time to enter any nfts rn.
twitter.com/real_alethea
opensea.io/collection/inft-personality-pod-sale
www.bloomberg.com/news/articles/2021-08-24/mark-cuban-backed-firm-alethea-is-creating-intelligent-nfts

the genesis collection is at 65 floor
opensea.io/collection/revenants-by-alethea-ai

This post was edited on 10/22/21 at 12:24 am
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